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Wednesday, 29 May 13
SHIP OWNERS KEEP ON SPENDING ON NEWBUILDINGS AS PRICES ARE DEEMED TOO LOW TO RESIST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 It's been yet another week on increased newbuilding ordering activity with Hellenic ship owners appearing rathe active, on the back of attractive financing obtained in China. According to the latest shipbuilding report by Clarkson Hellas, most of the ordering has been happening in the dry bulk sector, but there have also been a number of new orders in the MR and LR2 coated tanker markets.
According to Clarkson Hellas, "the coated tanker market has seen further ordering this week, which has been focussed on MR and LR2 sectors. Clients of Flagship Marine Ventures are reported this week to have placed orders for two firm plus two option 114,900 DWT LR2 product tankers at DSME. Although pricing was undisclosed, delivery of the firm vessels is planned for the first quarter of 2015 and options also in 2015 if declared. Additionally Clients of D’Amico are understood to have declared the 7th and 8th options in a series of 50,000 DWT MR product/chemical tankers at Hyundai Vinashin. The declared options are due for delivery in the third quarter of 2015 and to be IMO 2/3 grade" said the shipbroker.
In a separate weekly report, shipbroker Golden Destiny said that "in the newbuilding market, excessive orders with ample volume of new contracts reported in the main conventional vessel segments that surpasses even the levels of new orders r in the offshore segment. The third week of May is being marked with a record newbuilding business that resembles memories of 2007 for a second time since the week ending April 26th, when 83 newbuilding orders were reported.
Chinese yards have sealed a significant amount of business with Hellenic shipowners supporting China’s shipbuilding nation after the new era of cooperation between China and Hellenic government. Bulk carriers are holding for one week more a large share of the total volume of new orders reported and appeared to be in the frontline along with special projects. In the tanker segment, newbuilding contracts reported this week come mainly from Greek shipping players. MR product vessels are holding the lion share of contracting business with South Korean yards loosing business from Chinese. The support of ship financing from Chinese primary lenders to foreign investors appears to be the competitive advantage of Chinese shipbuilders against its rivals. In the container segment, post panamax ordering spree keeps with China’s Jinhai Heavy Industries sealing this week a contract worth $2,4bn for the construction of 10 super-eco 8,800 TEU boxships" it said.
The Piraeus-based shipbroker added that "overall, the week closed with 75 fresh orders reported worldwide at a total deadweight of 5,842,534 tons, posting 168% week-on-week increase from previous week, with bulk carriers holding 31% share of the total volume of new orders, tankers 16%, containers 27% and special projects 21%. This week’s total newbuilding business is 650% up from similar week’s closing in 2012, when 10 fresh orders had been reported, 8 for bulkers and 2 for car carriers. In terms of invested capital, the total amount of money invested is estimated in region of more than $3,6 bn with 41 newbuilding contracts reported at an undisclosed contract price. A hefty amount of money is invested in the container segment with 20 new orders, up by 1900% week-on-week, for an invested capital of more than $2,6bn. In the bulk carrier segment, the volume of new orders showed a 1400% weekly increase with 23 new orders at a total value of more than $676mil. In the tanker segment, more than $147mil is invested for 12 new contracts, showing a 1000% weekly increase from the volume of orders reported last week.
In the bulk carrier segment, Diana Shipping of Greece ordered two newcastlemax bulkers of 208,500dwt at Jiangnan Changxing of China for about $48,7mil each with delivery in 2016. In the capesize, commodities’ trading house Cargill is inked in a newbuilding deal for three 180,000dwt bulkers in partnership with an undisclosed third party at Shanghai Waigaoqiao Shipyard for a total value of around $142,5mil.
In the panamax segment, Safety Management Overseas of Greece sealed an order for two 77,000dwt vessels at undisclosed Japanese yard for about $28mil each with delivery in 2014-2015. In the ultramax segment, Germany’s Oldendorff Carriers placed two 61,000dwt bulkers at Japan Marine United for about $27miil, which seems to be an old deal. Laskaridis Shipping of Greece ordered four 64,000dwt bulkers at China’s Penglai Zhongbai Jinglu for about $24,5mil each, with an option of two more, for delivery in 2016. Laskaridis Shipping also placed an order for two kamsarmax bulkers of 82,000dwt at the same yard for about $27mil each with delivery in 2016, with an option for two more. In the handysize segment, South Korean HI Investment Securities ordered two 36,767dwt vessels at Hyundai Vinashin for an undisclosed contract price with delivery in 2014.
In the tanker segment, Angelicoussis of Greece has placed an order for three very large crude carriers of 319,000dwt at China’s SWS with undisclosed details for the newbuilding cost and delivery dates. In the aframax segment, Kyklades Maritime of Greece ordered two 99,999dwt product carriers at Hyundai HI of South Korea for delivery in 2014-2015, which is rumoured to be subject to time charter agreement with Total. In addition, Flagship Marine Ventures, a joint venture between Marine Management of Greece and Perella Weinberg Partners SA have signed a contract for two 115,000dwt vessels at South Korea’s Daewoo Shipbuilding, with an option of two more, for delivery in 2015", Golden Destiny concluded. Source: Nikos Roussanoglou, Hellenic Shipping News
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Tuesday, 14 May 13
NEWCASTLE PORT'S COAL EXPORTS FALL 6.83 PERCENT
COALspot.com - Newcastle port in Australia has loaded 2,771,891 tons of thermal and coking coal for week ended 0700 hours 13 May 2013, Newcast ...
Monday, 13 May 13
SGX ASIACLEAR OTC COAL SWAPS : RELATIVELY STABLE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average June 2013 delivery has gained 0.15 percent and API 8 CFR South China Coal shipment&nb ...
Saturday, 11 May 13
INDONESIA TO INDIA COAL FREIGHT RATES ARE EXPECTED TO BE FLAT TO SOFT NEXT WEEK
COALspot.com - This week the market remained flat compared to last week. BDI slightly up 0.68 pct and closed at 884 points and the cape size index u ...
Friday, 10 May 13
U.S. PRODUCED TOTALED APPROXIMATELY 18.5 MMST OF COAL W/E 4 MAY 2013
COALspot.com - U.S. produced totaled approximately 18.5 million short tons (mmst) of coal in a week (For the week ended 4 May, 2013), EIA said in it ...
Thursday, 09 May 13
KILLARA AUSTRALIA ACQUIRES 80% INTEREST IN BORNEO EMAS HITAM
COALspot.com - Killara Resources has announced that, the company has signed a binding MoU to acquire an 80% equity interest in PT. Borneo Emas Hitam ...
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- Gujarat Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- Bhoruka Overseas - Indonesia
- Sakthi Sugars Limited - India
- OPG Power Generation Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- Salva Resources Pvt Ltd - India
- VISA Power Limited - India
- The University of Queensland
- Semirara Mining Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- Alfred C Toepfer International GmbH - Germany
- Oldendorff Carriers - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rio Tinto Coal - Australia
- Agrawal Coal Company - India
- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indian Oil Corporation Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- Manunggal Multi Energi - Indonesia
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Business Power Corporation, Philippines
- Interocean Group of Companies - India
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
- Formosa Plastics Group - Taiwan
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- Indo Tambangraya Megah - Indonesia
- Medco Energi Mining Internasional
- Billiton Holdings Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Romanian Commodities Exchange
- Planning Commission, India
- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- Wood Mackenzie - Singapore
- GMR Energy Limited - India
- International Coal Ventures Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Indogreen Group - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Carbofer General Trading SA - India
- Tata Chemicals Ltd - India
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
- Kaltim Prima Coal - Indonesia
- Goldman Sachs - Singapore
- Directorate Of Revenue Intelligence - India
- Aboitiz Power Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Bharathi Cement Corporation - India
- Siam City Cement - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Cement Manufacturers Association - India
- Australian Coal Association
- Kideco Jaya Agung - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kalimantan Lumbung Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- Riau Bara Harum - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- Vedanta Resources Plc - India
- Savvy Resources Ltd - HongKong
- GVK Power & Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- Globalindo Alam Lestari - Indonesia
- Videocon Industries ltd - India
- Kapuas Tunggal Persada - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Mercator Lines Limited - India
- Minerals Council of Australia
- San Jose City I Power Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Mintek Dendrill Indonesia
- Parliament of New Zealand
- SMG Consultants - Indonesia
- Grasim Industreis Ltd - India
- Sarangani Energy Corporation, Philippines
- Trasteel International SA, Italy
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Semirara Mining and Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Commonwealth Bank - Australia
- Asmin Koalindo Tuhup - Indonesia
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Attock Cement Pakistan Limited
- Uttam Galva Steels Limited - India
- White Energy Company Limited
- Global Green Power PLC Corporation, Philippines
- Ministry of Finance - Indonesia
- Borneo Indobara - Indonesia
- Bhushan Steel Limited - India
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- CNBM International Corporation - China
- The State Trading Corporation of India Ltd
- Independent Power Producers Association of India
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- Mjunction Services Limited - India
- SMC Global Power, Philippines
- Sojitz Corporation - Japan
- Marubeni Corporation - India
- Intertek Mineral Services - Indonesia
- Power Finance Corporation Ltd., India
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Indian Energy Exchange, India
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
- Africa Commodities Group - South Africa
- Samtan Co., Ltd - South Korea
- Cigading International Bulk Terminal - Indonesia
- Madhucon Powers Ltd - India
- Timah Investasi Mineral - Indoneisa
- MS Steel International - UAE
- Coastal Gujarat Power Limited - India
- Ministry of Transport, Egypt
- Bangladesh Power Developement Board
- Standard Chartered Bank - UAE
- Georgia Ports Authority, United States
- Kepco SPC Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Sical Logistics Limited - India
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Sree Jayajothi Cements Limited - India
- Central Electricity Authority - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Orica Mining Services - Indonesia
- Dalmia Cement Bharat India
- Petron Corporation, Philippines
- ASAPP Information Group - India
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Tamil Nadu electricity Board
- Star Paper Mills Limited - India
- Electricity Generating Authority of Thailand
- Jindal Steel & Power Ltd - India
- Altura Mining Limited, Indonesia
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- Sinarmas Energy and Mining - Indonesia
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- Lanco Infratech Ltd - India
- India Bulls Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Chamber of Mines of South Africa
- Malabar Cements Ltd - India
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- Xindia Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- Pendopo Energi Batubara - Indonesia
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
- Bukit Makmur.PT - Indonesia
- Parry Sugars Refinery, India
- Makarim & Taira - Indonesia
- Latin American Coal - Colombia
- Simpson Spence & Young - Indonesia
- Wilmar Investment Holdings
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